University of Manitoba - Brown and Gold Yearbook (Winnipeg, Manitoba Canada)

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is being paid back in full by the three Pool organizations, principal and interest, over a twenty-year period. As the overpayment in Manitoba was in excess of the total value of the Pool assets, the Manitoba Government agreed to accept a sum smaller than the overpayment. All obligations to the Manitoba Government have been promptly met and earnings of Mani- toba Pool Elevators have steadily increased year by year. When the Wheat Pools were organized, they owned no elevator facili- ties of any kind, but they were not long in operation before they found it necessary to own and operate elevators. The three Pool organizations now own and operate the largest and most efficient grain handling facili- ties, country and terminal, in the world, and form by far the largest pro- ducers' co-operative enterprise in existence. Manitoba Pool Elevators alone own 198 country elevators, with total capacity of 7,501,000 bushels, and three terminals with total capacity of 4,500,000 bushels. The rise of economic nationalism in Europe, the measures taken by European countries to protect their own producers from cheap wheat dumped by overseas exporting countries, and increased yields in import- ing countries due to improved methods of cultivation and greater use of fertilizers, have all contributed to the troubles of the wheat producers of Canada. Even with a long succession of crop failures due to an unprece- dented drought, wheat surpluses have continued burdensome, and prices unprofitable. When the Wheat Pools had to step out of the export market, except on a small scale in 1931, the Federal Government had to step into the grain business, first, with the stabilization operations carried on by John I. McFarland through the Central Selling Agency, and later on by the establishment of the Canada Wheat Board. But while these emergency measures had to be taken by the National Government because no farm- ers' co-operative organization could carry the load of large surpluses for which no markets were available, there are many ways in which the Wheat Pool Organizations are giving service of the utmost value to their members and the whole prairie agricultural industry. The encouragement of high quality cereal crop production has been a policy for which time and money has been devoted by the three Pool organizations, the Manitoba Pool starting this work in 1928. Junior Seed Growers' Clubs are given financial and supervising assistance. A barley variety testing project, and a barley feeding program have been of great value in the production of superior types of barley. In the rural educational field, the free library service maintained by Manitoba Pool Elevators deserves special mention. The study clubs en- couraged and assisted by Manitoba Pool Elevators have stimulated the interest of many thousands of the rural young people of Manitoba in a wide range of subjects, particularly in the progress of the co-operative movement, and the building up of a co-operative community spirit. Pool members and officials are devoting time and thought to the framing of an agricultural policy for the trying days of readjustment that will come after the war is won, so that our basic industry of agriculture can be preserved to make even greater contributions in the days ahead to the economic and social life of the nation than it has in the past. 83

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To the Members of the Graduating Class of 1941: S YOU draw near to the end of your senior university year you are looking forward individually with lively inter- est to some field of usefulness , after graduation. The Province of Manitoba gives financial as- 3 sistance to the University not 2 only for the relatively few who are privileged to work in and graduate from its classrooms but also for countless others who benefit either directly in other ways from the University or indirectly through the activities of its graduatee. The best product of a university is a graduate who recognizes his responsibility to organized society. Many of you will find your places in public positions of responsibility and trust. Others will have a more limited opportunity for public service. Every graduate from this faculty of the University, however, can find a place in the forces responsible for the forward march of mankind. Graduation does not mean the end of study. Education should continue throughout life. If you feel uncertain about your future, apply yourself to your task and work harder than you have ever worked previously. Hard work is to be found all along the road to success. lt is to be hoped that this in- creased application to your task will not be unwelcome or unpleasant. Recently one of our graduates volunteered the information that he enjoyed thoroughly the varied undertak- ings that called for his attention daily. I hope sincerely that this will be the experience of every one of our young men and young women graduating this year. On behalf of my associates on the Faculty of Agriculture and Home Economics it is my pleasure and privilege to wish each and all of you the best of success. Yours sincerely, A. V. MITCHENER. Dean. 85